1) movement / shift2) left/right Suppose the demand curve for CoC t-shirts is given by the first and second Table 2-2 and the supply curve for COC t-shirts is given bythe first and third columns.:Table 2-2 Demand & Supply Schedules for COC t-shirtsPrice ($) Quantity Demanded per Year Quantity Supplied per Year1020002002016040030120060040800800504001000601200Refer to Table 2-2. At what PRICE does equilibrium occur in the market for COC t-shirts? (just write the number, no $)

Answered: Price ($) Quantity Demanded per Year…

Price ($) Quantity Demanded per Year Quantity Supplied per Year 10 2000 200 20 1600 400 30 1200 600 40 800 800 50 400 1000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1) movement / shift

2) left/right

Suppose the demand curve for CoC t-shirts is given by the first and second Table 2-2 and the supply curve for COC t-shirts is given by
the first and third columns.:
Table 2-2 Demand & Supply Schedules for COC t-shirts
Price ($) Quantity Demanded per Year Quantity Supplied per Year
10
2000
200
20
160
400
30
1200
600
40
800
800
50
400
1000
60
1200
Refer to Table 2-2. At what PRICE does equilibrium occur in the market for COC t-shirts? (just write the number, no $)

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